EMC shares poised to rise as demand increases-Barron’s

NEW YORK, May 23 (BestGrowthStock) – EMC Corp (EMC.N: ) shares, which
have already jumped 50 percent in the past year, could climb
even more fueled by a recovering economy and strong demand for
storage capacity from its corporate customers, according to a
story in Barron’s.

In its May 24 issue, the business weekly said the shares
could jump another 20 percent to about $22 apiece as
corporations start spending again. The company’s revenue could
rise more than 18 percent in 2010, to $16.7 billion, slightly
above the company’s own projection, the paper said, citing
Broadpoint Amtech analyst Brian Marshall.

Morgan Stanley analyst Katy Hubert has a price target of
$24, but said EMC shares could rise to $27 if revenue growth
approaches 20 percent, the paper said. Higher revenue would
mean bigger profit margins because it would derive from more
sales of highly profitable high-end hardware and software.

EMC shares closed at $17.96 on Friday on the New York Stock
Exchange.

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(Reporting by Franklin Paul, editing by Maureen Bavdek)

EMC shares poised to rise as demand increases-Barron’s